Tag Archives: sells
Reckitt sells majority stake in Air Wick and Cillit Bang arm
Business
Friday 18 July 2025 7:33 amReckitt, the owner of brands such as Dettol, has struggled with growth headwinds over the past two yearsReckitt Benckiser has agreed to sell its Essential Home business to private equity investor Advent International for $4.8bn (£3.6bn).
Essential Home includes the brands Air Wick, Calgon, Woolite and Cillit Bang.
The FTSE 100 giant, which will retain a 30 per cent equity stake in the business, has been reshaping its business to focus on “11 high-growth, high-margin Powerbrands” as part of a simplification drive.
Kris Licht, Reckitt chief executive, said the company was “executing strategic plan at pace”.
“The divestment of Essential Home represents a significant step forward in unlocking the substantial value in our business.
“This moves Reckitt towards becoming a simpler, more effective world-class consumer health and hygiene company and it will enable us...
Telesat sells remote communications services business
Top Stories Tamfitronics Inside Network Innovations’ main corporate office in Calgary, Canada. Credit: Network InnovationsTAMPA, Fla. — Canadian geostationary operator Telesat has sold off Infosat Communications, a remote satellite services specialist, to bolster finances as investments in its low Earth orbit (LEO) Lightspeed constellation ramp up.Calgary, Canada-based connectivity integrator Network Innovations said Sept. 3 it acquired the company from Telesat for an undisclosed sum, expanding its team by about 20 people to more than 300 employees.The announcement came weeks after Telesat CEO Dan Goldberg said the operator was considering raising proceeds in the region of 10 million Canadian dollars ($7.4 million) by selling a non-core business.Goldberg also said Aug. 14 the operator expects to invest up to 1.4 billion Canadian dollars in Lightspeed this year, after investing nearly a quarter of that in the first half...
Sansiri sells Standard shares to Hyatt
Lifestyle PUBLISHED : 21 Aug 2024 at 18:55 ...
MK Dons: Pete Winkelman sells club and Stadium MK Group to Kuwait-based consortium | Football News | Sky Sports
Top Stories Tamfitronics Pete Winkelman has sold MK Dons and the Stadium MK Group to a Kuwait-based consortium led by Fahad Al Ghanim, bringing an end to his 20-year association with the club.The deal leaves the club and stadium group debt-free and has been ratified by all parties following clearance from the EFL.MK Dons begin their League Two campaign against Bradford City at the Stadium MK on Saturday, live on Sky Sports+and Winkelman will be given the chance to say farewell to the club.He bought out Wimbledon as part of a consortium in 2004, going on to establish MK Dons as a new entity, and has remained...
![React Native - The Practical Guide [2025]](https://img-c.udemycdn.com/course/480x270/1436092_2024_4.jpg)
